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UK wheat futures for May 2019 ended the week at £162.50/t, up from recent lows of £157/t, while November traded near £148.50/t on very low volume. Sterling volatility linked to Brexit votes moved domestic prices, and the UK government said it expects zero import tariffs on wheat, maize, oilseeds and barley.
Black Sea wheat has been shipped to Asia at some of the lowest prices seen.
Expected zero UK import tariffs and cheap Black Sea supplies add competition to domestic feed grains. Currency-driven swings keep UK feed grain prices volatile, though the overall trend has softened.
feedsandpullets.co.ukHumphrey Feeds, PulletsMar 15, 2019Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
